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 Assume an auditor finds total errors of $25,300 in a sample of sales invoices

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 Assume an auditor finds total errors of $25,300 in a sample of sales invoices. Why is it not appropriate to conclude that sales are misstated by $25,300?

Explain the difference between the two types of sampling risk for substantive tests: the risk of incorrect acceptance and the risk of incorrect rejection. What are the errors’ different implications for the audit? Which is the more serious risk? Explain.